BTC - A look at 12H chart - Possible bounce back

#BTC/USDT #Analysis
Description
---------------------------------------------------------------
+ BTC is presently retracing from the resistance line and moving towards the next support level around 66-67K.
+ It's reasonable to anticipate a price rebound once it reaches the support level. Such a rebound could provide substantial momentum for breaking out from the resistance line.
+ We'll consider initiating a long trade once the resistance breakout is confirmed.
---------------------------------------------------------------
VectorAlgo Trade Details
------------------------------
Entry Price: 73000
Stop Loss: 64000
------------------------------
Target 1: 77000
Target 2: 79000
Target 3: 82000
Target 4: 86000
------------------------------
Timeframe: 12H
Capital Risk: 1-2% of trading capital
Leverage: 5-10x
---------------------------------------------------------------
Enhance, Trade, Grow
---------------------------------------------------------------
Feel free to share your thoughts and insights.
Don't forget to like and follow us for more trading ideas and discussions.

Best Regards,
VectorAlgo

Commentaire:

Price hit our support line

Ordre annulé:

Price broke down from the support line. Trade cancelled.